Williams Capital began coverage on shares of WPX Energy (NYSE:WPX) in a report published on Tuesday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $21.00 target price on the oil and gas producer’s stock.
A number of other brokerages have also recently commented on WPX. Seaport Global Securities set a $28.00 target price on WPX Energy and gave the stock a buy rating in a report on Wednesday, October 3rd. Zacks Investment Research upgraded WPX Energy from a hold rating to a buy rating and set a $22.00 price target for the company in a research note on Wednesday, October 3rd. Jefferies Financial Group began coverage on WPX Energy in a research note on Friday, September 28th. They issued a buy rating and a $28.00 price target for the company. Scotiabank reiterated a buy rating and issued a $26.00 price target on shares of WPX Energy in a research note on Thursday, September 27th. Finally, BMO Capital Markets reiterated a buy rating and issued a $25.00 price target on shares of WPX Energy in a research note on Thursday, October 11th. Two research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $21.90.
Shares of WPX Energy stock opened at $12.85 on Tuesday. WPX Energy has a one year low of $9.89 and a one year high of $20.80. The firm has a market capitalization of $5.49 billion, a P/E ratio of -30.60, a P/E/G ratio of 0.46 and a beta of 2.31. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 0.57.
WPX Energy (NYSE:WPX) last announced its earnings results on Wednesday, October 31st. The oil and gas producer reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.02). WPX Energy had a positive return on equity of 0.76% and a negative net margin of 15.79%. The company had revenue of $484.00 million during the quarter, compared to the consensus estimate of $514.08 million. During the same period in the prior year, the business posted ($0.10) earnings per share. WPX Energy’s revenue for the quarter was up 233.8% compared to the same quarter last year. As a group, analysts forecast that WPX Energy will post 0.15 earnings per share for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WPX. Strs Ohio purchased a new position in WPX Energy in the second quarter worth about $253,000. Private Advisor Group LLC purchased a new position in WPX Energy in the second quarter worth about $239,000. Janus Henderson Group PLC grew its position in WPX Energy by 47.4% in the second quarter. Janus Henderson Group PLC now owns 398,900 shares of the oil and gas producer’s stock worth $7,192,000 after acquiring an additional 128,200 shares in the last quarter. PNC Financial Services Group Inc. grew its position in WPX Energy by 92.4% in the second quarter. PNC Financial Services Group Inc. now owns 41,938 shares of the oil and gas producer’s stock worth $757,000 after acquiring an additional 20,146 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in WPX Energy by 237.0% in the second quarter. Envestnet Asset Management Inc. now owns 51,642 shares of the oil and gas producer’s stock worth $932,000 after acquiring an additional 36,318 shares in the last quarter. Institutional investors own 94.77% of the company’s stock.
WPX Energy Company Profile
WPX Energy, Inc, an independent oil and natural gas exploration and production company, engages in the exploitation and development of unconventional properties in the United States. The company's principal areas of operation include the Delaware Basin in Texas and New Mexico; the Williston Basin in North Dakota; and the San Juan Basin in New Mexico and Colorado.
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